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Starbucks Suspends Guidance
Starbucks Suspends Guidance After Sales Slump Persists
Starbucks said it needs time to review the current state of the business, after same-store sales fell 7% in its most recently completed quarter. Shares fell 3% in after-hours trading.
Starbucks Reports a Slide in Sales and Traffic
Starbucks has been under pressure for awhile. Following two quarters of consecutive declines in sales and a stock price that dropped nearly 30 percent in six months, the board of directors decided this summer to abruptly replace its then-chief executive, Laxman Narasimhan.
Starbucks Suspends Its Guidance After Sales Plunge
Good morning. Starbucks sales slumped again, sending its share price lower. China’s electric vehicle exports to Europe soar ahead of incoming levies. And Louis Vuitton put a twist on its handbag for women on the go.
Starbucks is introducing 'Wicked' drinks to celebrate movie
'Wicked'-themed drinks, merchandise coming to Starbucks: How to get yours
Starbucks announced Monday it is partnering with Universal Pictures to unveil two new drinks inspired by the upcoming "Wicked" movie.
Starbucks is introducing 'Wicked' drinks to celebrate the movie
Starbucks is partnering with the entertainment company to celebrate the new film with drinks and merchandise inspired by the movie. Starting Tuesday, limited menu drinks made in honor of Oz’s iconic duo,
Starbucks begins selling ‘Wicked’ beverages and gift cards
Starbucks is partnering with Universal Pictures on a promotion built around “ Wicked ,” an origins story about the Wicked Witch of the West in “The Wizard of Oz.” The coffee chain is serving two cold beverages inspired by the main characters in the movie: Elphaba,
6h
on MSN
Starbucks’s latest financials sink shares, as CEO says it’s ‘harder to be a customer than it should be’
Shares of Starbucks fell on Tuesday after the coffee chain offered fresh signs of its struggle to bring back consumers, ...
4h
Starbucks baristas and customers have one message to new CEO: change!
Oct 22 (Reuters) - Starbucks' new CEO Brian Niccol has his work cut out for him. Tasked with reassuring investors that the ...
8h
on MSN
Starbucks' sliding sales show its new CEO has his work cut out for him
Starbucks pre-released earnings on Tuesday, showing sales dropped. New CEO Brian Niccol said he plans to outline a broad ...
6h
Starbucks to streamline ‘overly complex’ menu, fix prices as sales dip
The company reported preliminary results for its fourth quarter on Tuesday, showing a year-over-year drop in revenue for the ...
7h
on MSN
Starbucks reports weak quarterly results despite the arrival of Pumpkin Spice Latte season
The Seattle coffee giant on Tuesday reported weaker-than-expected sales in its fiscal fourth quarter, which ended Sept. 29.
8h
on MSN
Starbucks Suspends Its Outlook for 2025, Sending Its Stock Lower
Starbucks reported fourth-quarter revenue of $9.1 billion, down 3% year-over-year and below the analyst consensus from ...
11h
Starbucks pulls annual forecasts amid turnaround under new CEO
Starbucks Corp said on Tuesday it was suspending its annual forecast as new CEO Brian Niccol develops a plan to turn around ...
4h
Starbucks Suspends Guidance as Sales Slump Persists
The coffee chain needs to “fundamentally change” strategy, the new CEO, Brian Niccol, said. Shares fell in after-hours ...
4h
on MSN
Starbucks shares slide after coffee chain says sales fell again, suspends outlook
The company's same-store sales slid for the third consecutive quarter, fueled by a 10% tumble in traffic to its North ...
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